Income tax officials are conducting raids against owners and highly placed officers of 6 major sponge iron companies. The raids are being conducted at different locations like Raipur, Bilaspur, Durg, Ambikapur, Raigarh and Bhilai. Varioous establishments of Rajesh Aggarwal (GK TMT), Sunil Nachrani (Sunil Ispat), Manoj Bansal (CA to Rajesh Aggarwal), among others, were raided.
The team of I-T officials conducting these raids started their action at about 5 am on Tuesday simultaneously. According to reports, I-T officials have specifically targeted the homes and offices of sponge iron manufacturer Rajesh Aggarwal of GK TMT. Various complexes of NR Ispat and Sunil Ispat were also being raided at the time of writing the copy.
It’s said that the raiding teams comprise mostly of officers from Bhopal and Indore. Some of them are from Raipur too. The I-T team of more than 100 officials is said to have reached Raipur on Monday evening itself. However, the reason behind the raids was not at once clear.>